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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GDDY
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Green day on Friday for GoDaddy Inc
(Updated on Apr 26, 2024)

Buy or Hold candidate since Mar 07, 2024 Gain 9.83% PDF

The GoDaddy Inc stock price gained 0.701% on the last trading day (Friday, 26th Apr 2024), rising from $124.14 to $125.01. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.37% from a day low at $123.73 to a day high of $126.66. The price has risen in 6 of the last 10 days and is up by 1.39% over the past 2 weeks. Volume fell on the last day by -175 thousand shares and in total, 991 thousand shares were bought and sold for approximately $123.83 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.22% during the next 3 months and, with a 90% probability hold a price between $139.31 and $152.17 at the end of this 3-month period.

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GDDY Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -1.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The GoDaddy Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $122.75 and $121.46. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for GoDaddy Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $113.03 and $111.57. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GoDaddy Inc finds support just below today's level at $113.03. If this is broken, then the next support from accumulated volume will be at $111.57 and $109.50.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.93 between high and low, or 2.37%. For the last week the stock has had daily average volatility of 1.94%.

Our recommended stop-loss: $120.30 (-3.77%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (GDDY) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect GoDaddy Inc to open at $125.13, and during the day (based on 14 day Average True Range), to move between $122.46 and $127.56, which gives a possible trading interval of +/-$2.55 (+/-2.04%) up or down from last closing price. If GoDaddy Inc takes out the full calculated possible swing range there will be an estimated 4.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $125.90 (0.71%) than the support at $113.03 (9.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

GoDaddy Inc will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.97. We will update the financials statements for GoDaddy Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.75% in the first trading day after earnings release.

Is GoDaddy Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GoDaddy Inc stock to perform well in the short-term.

Current score: 4.457 Buy Candidate Unchanged

Predicted Opening Price for GoDaddy Inc of Monday, April 29, 2024

Fair opening price April 29, 2024 Current price
$125.13 ( 0.0990%) $125.01

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GDDY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 128.06 2.44 %
R2 126.94 1.55 %
R1 126.25 0.99 %
Current price: 125.01
Support S1 124.02 -0.796 %
S2 123.32 -1.35 %
S3 122.21 -2.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 126.80 1.43 %
R2 125.94 0.744 %
R1 125.90 0.712 %
Current price 125.01
Support S1 113.03 -9.58%
S2 111.57 -10.75%
S3 109.50 -12.41%

FAQ

What is the symbol for GoDaddy Inc Stock and on which exchange is it traded?
The symbol for GoDaddy Inc is GDDY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell GoDaddy Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GoDaddy Inc stock to perform well in the short-term.

How to buy GoDaddy Inc Stock?
GoDaddy Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy GoDaddy Inc Stock.

What's the current price of GoDaddy Inc Stock?
As of the end of day on the Apr 26, 2024, the price of an GoDaddy Inc (GDDY) share was $125.01.

What is the 52-week high and low for GoDaddy Inc Stock?
The 52-week high for GoDaddy Inc Stock is $127.14 and the 52-week low is $67.34.

What is the market capitalization of GoDaddy Inc Stock?
As of the Apr 26, 2024, the market capitalization of GoDaddy Inc is 17.687B.

When is the next earnings date for GoDaddy Inc?
The upcoming earnings date for GoDaddy Inc is May 02, 2024.
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About GoDaddy Inc

GoDaddy GoDaddy Inc. engages in the design and development of cloud-based technology products in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity. It also offers shared Website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer certificates, and WordPress; Website ho... GDDY Profile

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